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Macro - Country Economic Forecasts - Iraq

Publisher Oxford Economics
Published Mar 22, 2022
Length 6 Pages
SKU # OFE17050043

Description

Macro - Country Economic Forecasts - Iraq

We have lowered our 2022 GDP growth forecast to 4.4% from 4.8% previously, owing to higher inflation and a rise in social unrest, domestic political fragmentation, and violence after US withdrawal from the country. This recovery, led by higher oil prices and rising investment, follows a decline of about 6% in 2020. Growth in 2023 is forecast at 3.8%.

Table of Contents

6 Pages
Iraq: High inflation and social unrest to pull down growth
Forecast overview
GDP seen rising 4.4% in 2022
Short-term outlook
Key drivers of our short-term forecast
Medium-term prospects still driven by oil:
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

Currency Rates
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